Mornin' Randoms

Before getting pinned on expiration!

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When does the equity market realize that fundamental downticks coupled with a hawkish Fed isn't bullish? And will that matter in an environment where funds are desperate for performance and pressing their bets accordingly?

"The long-term budget projections are just horrifying. I've got four children and it really disturbs me. I just think it's irresponsible what we're doing to them." --Leonard Burman, co-director of tax policy for the Urban Institute.

Citigroup (C:NYSE)--which I believe is the most important stock in the world--is overbought and ticklin' resistance at $47.50-75. A move through there--with confirmatory volume--would be a huge boon for the bulls (and a wise stop for Boo's bet).

Rich Gula touched on the big stinkin' elephant in the middle of Minyanville. Rates just aren't supporting the notion of a robust economic recovery.

If expiration trends continues, today's action should bookend on the bells.

I'm jacked for tomorrow's Yankees-Sox game at the stadium. Thanks again to Minyan Dan Meehan for the look!

The small caps popped yesterday after the Russell 2000 successfully defended its 200-day stay.

I shattered my uber-diet these past few days as it is tradition in the Jewish religion to welcome in the new year with "sweetness." I'm back on the case today--I think--but have lost a little ground (and found some weight).

Pennant race! Gold has formed an extended flag formation of higher lows and lower highs.